The recent price drop of Bitcoin and some bad news on the market may cause a new round of FUD for investors. With the price going down, Bitcoin will be more volatile in the short term and the Altcoins that depend on Bitcoin will go through more ups and downs. In this bear market, more investors are hesitant to any Altcoin investment. Apart from the macro environment factor, what truly holds you back from investing in Altcoins ? Please let me know your thoughts.
When the markets are going down or the price of Bitcoin is going down, there are many people who are afraid and shy away from investing in Alt coins.Since Bitcoin is the king of all cryptocurrencies, investing in Alt coins is a very difficult decision if its value is falling.My own experience has been that when Bitcoin gets close to 15000, I feel threatened by investing in any cryptocurrency.Because everyone loves their capital.And then people have also seen the situation of Luna, where a lot of money was lost.FTX has also seen crashes where many people lost their capital.If such strong and popular coins can be eliminated then who can trust the alt coins.And then every trader avoids investing in altcoins when the market is crashing badly.Then people only trust Bitcoin here And Bitcoin is also reliable.Because Bitcoin is the only cryptocurrency with the lowest risk of loss.